Coming off restriction from our participation in the Company’s latest equity financing, whereby Enerplus issued 33.4 mm common shares at a price of $6.90 per share for gross proceeds of $230 mm, we update our estimates. Since the end of 2015 Management has done an exemplary job of right sizing its capital and dividend programs and driving down its cost structure, while also rationalizing non-core assets, and now with this latest financing is well positioned to accelerate growth in the event of ....
02 Jun 2016
Enerplus Closes Bought Deal Financing, Poised for Return to Growth
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Enerplus Closes Bought Deal Financing, Poised for Return to Growth
Enerplus Corporation (ERF:TSE) | 0 0 0.6% | Mkt Cap: 3,228m
- Published:
02 Jun 2016 -
Author:
Michael Hearn -
Pages:
6
Coming off restriction from our participation in the Company’s latest equity financing, whereby Enerplus issued 33.4 mm common shares at a price of $6.90 per share for gross proceeds of $230 mm, we update our estimates. Since the end of 2015 Management has done an exemplary job of right sizing its capital and dividend programs and driving down its cost structure, while also rationalizing non-core assets, and now with this latest financing is well positioned to accelerate growth in the event of ....